Tag: point of sale pos system
How Well Do You Know These Essential Inventory Control Techniques?
From an LP perspective, a strong understanding of how retail inventory is managed is crucial to resolving shrink-related issues. One basic but important component is knowing the inventory control techniques and accounting methods used by your company. The two most common are the “retail” method and the “cost” method of accounting.
The Link Between On-Shelf Availability, Sales, and Loss
You are driving to work as a supermarket supply-chain manager. The hot weekend weather has continued, it’s a lovely Monday morning, yet you’re surprised when your boss calls so early. Agitated, he shares how he just discovered from the CEO that all stores were reporting a massive sales loss because they had sold out of strawberries.
CASE STUDY: C-Store Uses Video to Protect Profits and Recoup Losses
While many things about this family-owned business have changed since its founding in 1973, the need to keep a close eye on each location’s inventory hasn’t.
Understanding Essential POS Features and Limitations
Data is the future of the loss prevention and asset protection industry. A single, data-friendly LP professional can both identify and address leading indicators...
5 Recent Cases of Retail Robbery and Theft—And the Safe Technology to Thwart Them
At any given time, even the most casual Google search for “retail robberies” will return pages and pages of recent news items—some recounting thieves’ success; others, their failure.
Brick-and-Mortar Is Not Dead; Amazon Just Proved It
Brick-and-mortar didnt die, and Amazon just confirmed it with its purchase of Whole Foods. Unless you live under a rock, you have seen the...
Using Video Surveillance Systems to Perform Audits
Throughout my career in retail loss prevention, I’ve seen some pretty outrageous behavior captured by video surveillance systems. From performance and productivity issues –...
Increase ROI and Uncover Issues through Video-Based Operations Audits
Sponsored by March Networks
Throughout my career in retail loss prevention, I’ve seen some pretty outrageous behavior captured on surveillance video. From performance and productivity...
Data Analytics Pyramid
As loss prevention and asset protection practitioners, we are often asked to describe our jobs to others. In the old days, we could get...